Richard C. Levin Sells 12,000 Shares of C3.ai, Inc. (NYSE:AI) Stock

C3.ai, Inc. (NYSE:AI) Director Richard C. Levin sold 12,000 shares of C3.ai stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $34.80, for a total transaction of $417,600.00. Following the completion of the transaction, the director now directly owns 161,664 shares in the company, valued at approximately $5,625,907.20. The trade was a 6.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

C3.ai Stock Performance

Shares of AI stock opened at $36.78 on Friday. C3.ai, Inc. has a 52-week low of $18.85 and a 52-week high of $45.08. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of -16.64 and a beta of 2.00. The firm’s 50-day moving average is $33.75 and its 200-day moving average is $28.44.

Analyst Upgrades and Downgrades

AI has been the topic of several research reports. JMP Securities boosted their price objective on shares of C3.ai from $40.00 to $55.00 and gave the company a “market outperform” rating in a research report on Tuesday, December 10th. Piper Sandler upped their price objective on C3.ai from $24.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their target price on C3.ai from $21.00 to $32.00 and gave the company an “underweight” rating in a research report on Tuesday, December 10th. Canaccord Genuity Group upped their price target on C3.ai from $23.00 to $40.00 and gave the stock a “hold” rating in a research report on Wednesday, December 11th. Finally, KeyCorp lowered shares of C3.ai from a “sector weight” rating to an “underweight” rating and set a $29.00 price objective on the stock. in a research report on Thursday, December 19th. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.00.

Institutional Trading of C3.ai

A number of hedge funds have recently made changes to their positions in the business. JTC Employer Solutions Trustee Ltd acquired a new stake in shares of C3.ai during the 3rd quarter worth about $25,000. Northwestern Mutual Wealth Management Co. lifted its position in C3.ai by 311.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,050 shares of the company’s stock worth $30,000 after acquiring an additional 795 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of C3.ai by 9,033.3% during the third quarter. Quest Partners LLC now owns 1,644 shares of the company’s stock worth $40,000 after acquiring an additional 1,626 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of C3.ai in the second quarter valued at approximately $41,000. Finally, Arcadia Investment Management Corp MI bought a new position in shares of C3.ai during the third quarter worth approximately $48,000. 38.96% of the stock is owned by institutional investors and hedge funds.

C3.ai Company Profile

C3.ai, Inc operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides C3 AI platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 Generative AI Product Suite that enables to locate, retrieve, and present information.